Bitcoin broke above $37,000 early Monday on the back of the appointment of Javier Milei, a pro-bitcoin candidate, as the President of Argentina. The artificial intelligence (AI) focused token sector added over 8% amid key, but unrelated, developments in rising AI upstarts. However, some traders warn of a market reaction after Federal Reserve meeting notes are released Tuesday, ahead of an expected low-liquidity environment toward the end of this working week.
Bitcoin (BTC) rose through $37,000 early Monday as Argentina’s presidential election was won by Javier Milei, a pro-bitcoin candidate. The broader crypto market added almost 2% in the past 24 hours.